SBA Underwriter

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice. Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system. Job Description: At Regions, the SBA Underwriter provides underwriting support for the Regions SBA Portfolio. This position serves as the primary evaluation point for SBA loan requests with responsibilities including reviewing applications against approval checklist by product type, completing initial eligibility analysis, financial statement spreading, detailed analysis of repayment capacity and financial metrics, and initial Credit Approval Package preparation. The SBA Underwriter may also provide the initial framework for various credit servicing activities, including establishing requirements for ongoing monitoring of financial statements, ratios or other performance metrics, collateral management, and overall performance of SBA loans. Primary Responsibilities Reviews each assigned SBA application following completion of the Pre-Underwriting Review process Applies knowledge of SBA Standard Operating Procedures (SOP) to evaluate loan applications for accuracy, completeness, and eligibility Confirms accurate execution of tasks performed by SBA Underwriter I Provides mentoring and support for SBA Underwriter I and II Primarily handles applications with total credit exposure greater than $350,000 Periodically engages in pre-flight discussions of prospective loan requests with SBA Bankers, Sales Managers, and Credit Leadership Performs detailed analysis of financial statement spreads and repayment capacity for borrowers, affiliate business entities, and corporate and personal guarantors Reviews business and personal credit reports, as well as industry and market data Identifies and properly mitigates all risks associated with each assigned SBA application Prepares an appropriately detailed credit memorandum outlining terms and conditions for loan closing, summarizing financial and business analysis, and addressing mitigation of all identified risks Demonstrates excellent working knowledge of all systems utilized by the department Eligible for individual lending authority up to $750,000 This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay. This position is incentive eligible. Requirements Bachelor's degree in Accounting, Finance, or related field Five (5) years of SBA experience, commercial loan underwriting, financial analysis or portfolio management experience Skills and Competencies Ability to identify and voice issues Ability to prioritize and operate with a sense of urgency Ability to work collaboratively with multiple stakeholders Organized, detail-oriented, and able to multi-task Strong analytical and problem-solving skills Strong verbal and written communication skills This position may be filled at a higher level depending on the candidate's qualifications and relevant experience. Position Type Full time Benefits Information Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions. Paid Vacation/Sick Time 401K with Company Match Medical, Dental and Vision Benefits Disability Benefits Health Savings Account Flexible Spending Account Life Insurance Parental Leave Employee Assistance Program Associate Volunteer Program Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser. https://www.regions.com/welcometour/benefits.rf Location Details Riverchase South Location: Hoover, Alabama Bring Your Whole Self to Work We have a passion for creating an inclusive environment that promotes and values diversity of race, color, national origin, religion, age, sexual orientation, gender identity, disability, veteran status, genetic information, sex, pregnancy, and many other primary and secondary dimensions that make each of us unique as individuals and provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work is the right thing to do. OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans

Salary : $350,000 - $750,000